Mexican Peso Rallies, Return of King Dollar?
Submitted by CARPE DIEM
Over the last 12 trading days since April 22, the US Dollar has increased by 1.67%, as measured by the Fed’s Broad Trade-Weighted Dollar Index (data here and here), to 99.4439, the highest level since February 26, 2008 (see chart above). The 1.67% dollar appreciation is the largest 12-day gain in more than 3 years, since the 1.7% 12-day gain through April 4, 2005!
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